I'll try to summarize all this as simply as possible: 1. The global economy's cost structure has been fatally distorted by central bank policies of inflating asset bubbles and reducing interest rates to near-zero. 2. Earnings from labor have stagnated or eroded since the era of globalization / financialization took off around 2000. 3. Everything … Continue reading Of Two Minds – Unstoppable: The Greatest Depression and the Reverse Wealth Effect
economy
Collapse in Gambling Totally Crushes Macau’s Overall Economy | Wolf Street
Note the reaction of Macau’s GDP during the Financial Crisis (falling as much as 10% year-over-year), during the Crackdown Crisis in 2015 (falling as much as 25% year-over-year), and then during the pandemic, when it collapsed as its one major industry – gambling – and all related activities were essentially shut down. There are other … Continue reading Collapse in Gambling Totally Crushes Macau’s Overall Economy | Wolf Street
America Convulses in Pain, Fed Bails Out the Wealthy – YouTube
VIDEO: https://youtu.be/9xXSX5Yl0NIWhat's so insidious about the Fed's bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.America Convulses in Pain, Fed Bails Out the Wealthy - YouTube
It’s official: The U.S. entered a recession in February
The U.S. is officially in a recession, bringing an end to a historic 128 months of economic growth, after the coronavirus pandemic swept the country and shut down the economy. For more than a decade, the American economy seemed to contradict the adage, “What goes up, must come down.” That ended in February, according to … Continue reading It’s official: The U.S. entered a recession in February
Extraordinary Disconnect Between Stock Prices and Economic Collapse – Counter Information
For the first time in US history, the Fed’s balance sheet exceeds $7 trillion. It’s up from around $250 billion in the late 1980s and $750 billion in late December 2007, the onset of the 2008-09 financial crisis — a colossal example of mismanagement, an eventual price to pay for what’s going on. Wall Street … Continue reading Extraordinary Disconnect Between Stock Prices and Economic Collapse – Counter Information
DDT: Week 175 – How Much Worse Can the News Be? | Nel’s New Day
With the Senate on vacation and the GOP leaders trying to persuade older judges to retire to be replaced by younger, more conservative ones, nothing about a fifth coronavirus bill has happened for almost a week. After Republicans gave trillions to their friends in big business, they are dragging their heels about giving individuals, true small businesses, … Continue reading DDT: Week 175 – How Much Worse Can the News Be? | Nel’s New Day
• Chart: U.S. Economy Sees Sharp Downturn Amid COVID-19 Crisis | Statista
After 23 quarters of uninterrupted growth, the U.S. economy contracted for the first time since 2014 in the first three months of 2020. According to the second estimate released by the U.S. Bureau of Economic Analysis on Thursday, real GDP declined by 5.0 percent in Q1 2020, down from a first, preliminary estimate of 4.8 … Continue reading • Chart: U.S. Economy Sees Sharp Downturn Amid COVID-19 Crisis | Statista
Nobody Ever Imagined That The Job Losses Would Get This Bad So Quickly
If you tried to warn people in late 2019 that about 40 million Americans would lose their jobs by the middle of 2020, nobody would have believed you. .... Even though I have been loudly warning that this sort of an economic crisis was coming, I never imagined that we would lose so many jobs … Continue reading Nobody Ever Imagined That The Job Losses Would Get This Bad So Quickly
Global Trade To Suffer Massive Losses From Covid-19 Related Shutdowns | Hellenic Shipping News Worldwide
The International Monetary Fund (IMF) has turned its 2020 growth forecast on its head, from + 3.3% growth before the outbreak, to a 3% contraction, although this prediction remains shrouded in uncertainty as the duration of the crisis and the speed at which nations can reverse lockdown measures remains unclear. This sudden and drastic contraction … Continue reading Global Trade To Suffer Massive Losses From Covid-19 Related Shutdowns | Hellenic Shipping News Worldwide
Catherine Austin Fitts On A Tapeworm Economy, How The 1% Strangle USA
Catherine Austin Fitts is the Former Asst. Secretary of Housing under George H.W. Bush. She talks about how we have a choice between centralizing wealth and decentralizing wealth creating systems both in the USA and around the world. She talks about how the top 1% (huge corporations) want to further increase wealth and power for themselves … Continue reading Catherine Austin Fitts On A Tapeworm Economy, How The 1% Strangle USA
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